Keeping the base interest rate in the target range of 2.00% -2.25%, the Federal Committee for the Open Market of the US Federal Reserve gave a comment on the state of the economy and monetary policy. The Fed notes a vigorous growth in economic activity and a further improvement in the labor market situation due […]
GBP / USD pair Against the background of yesterday’s strengthening of the dollar, with USD index showing 0.47%, investors did not expect with hopes for good news on Brexit but bought a few dollars along with the market. The pound lost 64 points. Today, the UK expects optimistic GDP data for the 3rd quarter, and […]
Recently, the EUR/USD has been trading downwards. As I expected, the price tested the level of 1.1329 and its going forward my yesterday’s target at 1.1303. According to the H4 time – frame I have found the successful breakout of the bearish flat and the support at the price of 1.1352, which is a sign […]
Trend analysis (Fig. 1). On Friday, the downward trend is expected with the first goal – the support line 1.1300 (blue thin line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – neutral; – volumes – down; – candlestick analysis – down; – trend analysis – down; – Bollinger […]
Anxiety, yet again, has returned to world markets, which, on one hand, is due to the investors’ awareness on the American parliament’s midterm elections that may take effect on the restoration of the status quo regarding the political struggle between D. Trump and his opponents in the States. If carried out his campaign promises a […]
The strong Dollar is not good for gold as prices have broken below the 61.8% Fibonacci retracement. Price is forming a bullish wedge and bulls continue to hope for a sharp reversal upwards as long as price is above the $1,212 lows. Magenta rectangle – support Green lines – bullish wedge pattern Red rectangle – […]
On Friday, the 9th of November, the event calendar is busy with important data releases. The event of the day is the UK GDP and Industrial Production data release. Moreover, there are other data to keep the eye on, like Industrial Production data from France and Germany, PPI and Core PPI data from the US […]
The general picture: the Fed may continue to raise rates. On Thursday, the main event of the week for the market took place – the Fed’s decision. The Fed left the rate unchanged, but the comment was pretty tough.Employment is rising, wages are rising, and probably inflation will follow. And in this case, the Fed […]
EUR / USD In the first half of yesterday, the euro fell by 30 points under pressure from retail sales data. There is also another 30 points lost on Wednesday (0.0% in September) and a weak trade balance of Germany and France on Thursday (17.6 billion from Germany against the forecast of 18 2 billion […]
Wave pattern graphics H 4: The last wave of this scale was the final part (C) in a downward zigzag of the daily TF. The oncoming wave of the beginning of September will at least be its correction. Wave pattern graphics H1: In the ascending wave from the middle of last month, the middle part […]
After the announcement of the first results of the elections to the US Congress, the dollar was under considerable pressure, as the lower and upper houses of the legislature were divided between Democrats and Republicans. The dollar index slipped to 95.55 points, reflecting the weakening of the currency in all dollar pairs. The possible imbalance […]
The European currency is gradually returning to a downtrend, which may be formed in the near future. More and more market participants expect that the Federal Reserve will not delay the increase in interest rates, which will only strengthen the position of the US dollar against a number of world currencies. Today’s report from the […]
All attention to the Federal Reserve at 18.00 London time today. Today, on Thursday, at 18.00 London time, the Fed will publish a decision on rates and a statement on the US economy. What to look at? First – will the rate increase? Most experts believe – it will not increase, they will leave it […]
Another round of tightening the Fed policy traders are waiting in December. The increase in rates at the end of the September meeting was predictable, the market reaction did not come as a surprise, except for gold. The stock market declined last month, while yields on Treasury bonds and the dollar rose. The yellow metal, […]
China wants to solve problems with the United States through negotiations, but America must respect the development path chosen by China, said country’s President Xi Jinping on the eve of a meeting with the US leader in Argentina. China and the States have already exchanged rates of hundreds of billions of dollars, and Donald Trump […]
The euro is likely to continue falling. There is no good news for the single currency, and the EC has also reduced growth forecasts in Italy, reinforcing investors’ concerns about the debt of the third largest economy in the eurozone. The Italian economy is expected to slow down growth over the next two years, which […]
The newly appointed chairman of the board of directors of the manufacturer of electric vehicles Tesla was Robin Denholm, who previously headed the finances of Telstra Corp. Ltd, Australia’s largest telecommunications operator. The founder and CEO of Tesla, Elon Musk, resigned as part of an agreement with the United States Securities and Exchange Commission (SEC). […]
The yield of government bonds with a maturity of 10 years will rise in 2019 to levels that have not been observed since 2010. Such a forecast is given by representatives of the Australian bond fund Daintree Capital, which invests in the debts of developed countries. However, the subsequent growth of the US dollar is […]
Wave pattern graphics H4: From August 15, the trend of the major trend. The first parts of the wave are completely formed. Wave pattern graphics H1: Beginning from September 20, a downward wave zigzag in the H4 wave. Wave pattern graphics M15: The wave of October 30 has a pronounced impulse character. The price is […]
To open long positions on GBP / USD, you need: As I expected in my morning review, buyers tried to keep the support level of 1.3105 in the morning, which led to a rebound of the pair. However, when retesting this area, major players left the market. Now, the bulls are left to count on […]
To open long positions on EUR / USD, you need: In the first half of the day, the buyers gave up the support level of 1.1423, and now their main task is to keep the area of 1.1390, the formation of which is a false breakdown will be a signal to open long positions. A […]
According to the US Department of Energy, commercial reserves of crude oil in the country once again showed growth, updating the record for the extraction of “black gold”. Reserves are growing for the seventh consecutive week, and experts suggest that the United States has already formed an excess of hydrocarbons, which makes OPEC and Russia, […]
Dear colleagues. For the Euro / Dollar currency pair, the upward trend continuation is expected after the breakdown of 1.1470 and we consider the downward movement as a correction. For the currency pair Pound / Dollar, we increase the potential for the upward movement to the level of 1.3350. For the currency pair Dollar / […]
The mid-term elections in the US ended, and the markets felt relieved. Many thought that the separation of Congress and the prospects for a legislative impasse would put pressure on the dollar, but excessive emotionality was unjustified. “We hope that next year we will be able to work together to improve the quality of life […]
In the past few days, the single European currency has been in demand by investors, which is apparently explained by the outcome of the midterm elections in the United States, as well as the expectation that in the near future Britain will be able to reach an agreement with the EU on leaving the country […]
On Wednesday, the price moved up and a strong news is scheduled at 18.00 London time. On Thursday, the price will most likely be on the side channel before the news. Trend analysis (Fig. 1). On Thursday, the price will move up with the first target of 1.3358 on the upper fractal, but before the […]
On Wednesday, the price moved up, reaching a recoil level of 38.2% (yellow dotted line) and after that, it went down quite strongly. Strong news that may affect the market today is scheduled at 18.00 London time. The upper target remains the same at 1.1499 with the recoil level of 38.2% (yellow dashed line). Trend […]
To open long positions on EUR / USD pair, you need: Today, the Fed will announce its interest rate decision, which could lead to a further fall in the EUR/USD pair. It is best to consider long positions in euro after the formation of a false breakdown in the support area of 1.1423 or to […]
To open long positions on the GBP / USD pair, you need: The demand for the pound is gradually slowing down, which may lead to a large decline after the Fed’s decision on interest rates today. You can return to purchases when a false breakdown is formed in the support area of 1.3105, where the […]
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress. On September 10, the price level of 1.1500 offered temporary bullish recovery. Quick bullish movement was demonstrated towards the upper limit of the price range (1.1750). However, the EUR/USD bulls failed […]
